Leading industrialists have expressed their approval of the historic India-US trade deal, emphasizing that the reduced 18% tariffs will enhance the strategic and economic bonds between the two nations. Anand Mahindra, Chairman of Mahindra Group, highlighted the benefits of gradual progress, stating, “When the noise subsides, two natural partners will come together.” Kumar Mangalam Birla, Chairman of Aditya Birla Group, commended Prime Minister Narendra Modi and US President Donald Trump for the trade agreement, foreseeing strengthened ties and increased investment opportunities.
Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), hailed the trade deal as a significant victory for businesses, supply chains, and the partnership between India and the US. He lauded the reduction in tariffs from 50% to 18% following the discussions between the two leaders, emphasizing the positive impact on global trade and collaboration. Prime Minister Narendra Modi also welcomed the trade deal, announcing a reduced tariff of 18% for ‘Made in India’ products, underscoring the importance of cooperation between the two largest democracies for mutual benefits and global prosperity.
